Solana’s Anatoly Yakovenko Proposes New Perpetual DEX ‘Percolator’
- Anatoly Yakovenko, co-founder and CEO of Solana Labs, unveiled plans for a new decentralized exchange (DEX) called Percolator on the Solana blockchain.
- Percolator will feature two main programs, the Router for managing collateral and the Slab program as a perpetuals engine run by liquidity providers.
- The proposal comes shortly after Hyperliquid DEX introduced permissionless perpetual futures contracts, attracting significant user interest.
- In July, Hyperliquid captured approximately 35% of all blockchain revenue, indicating a shift in users from Solana to this platform.
- Astar DEX has surpassed Hyperliquid with a daily trading volume of $14.5 billion, while Hyperliquid’s monthly trading volume reached $309 billion.
Yakovenko’s initiative reflects ongoing competition among decentralized exchanges as they innovate to attract users and market share amid rising interest in perpetual trading products.
With Hyperliquid’s July revenue at 35% of total blockchain earnings, the landscape is shifting rapidly as platforms vie for dominance in the DEX space. (Source)
